Jindal Stainless Signs MoU with Ministry of Steel Under PLI 1.2 Scheme
Jindal Stainless signed an MoU with the Ministry of Steel to expand speciality stainless steel capacity under PLI 1.2. Feb 12, 2026 Jindal Stainless has signed a Memorandum of Understanding with the Ministry of Steel, Government of India, under the newly launched Production Linked Incentive (PLI) 1.2 scheme for speciality steel. The agreement marks a […]
SAIL Signs MOU Under PLI 1.2 Scheme for Specialty Steel
At Vigyan Bhawan, New Delhi, the Ministry of Steel and Salem Steel Plant of SAIL have formalised an important partnership under the PLI 1.2 Scheme. Feb 09, 2026 The Ministry of Steel and Salem Steel Plant of SAIL have formalized an important partnership under the PLI 1.2 Scheme. Through this MOU, Salem Steel Plant will […]
Lalbaba Engineering Limited Signs MoU under Government’s PLI 1.2 Scheme for Specialty Steel
Lalbaba Engineering Limited has signed a Memorandum of Understanding under the Government of India’s Production Linked Incentive Scheme 1.2 for specialty steel. The company proposed that a cold finished seamless tube expansion project at Haldia, West Bengal, will be eligible for incentives under the scheme. Feb 10, 2026 Lalbaba Engineering Limited has signed a Memorandum […]
Jayaswal Neco Industries Signs MoU with Ministry of Steel Under PLI Scheme for Specialty Steel Expansion
Jayaswal Neco Industries Limited has signed a Memorandum of Understanding (MoU) with the Ministry of Steel, Government of India, to participate in the Production Linked Incentive (PLI) Scheme 1.2 for Specialty Steel, reinforcing its commitment to capacity augmentation and domestic specialty steel manufacturing. Feb 10, 2026 Jayaswal Neco Industries Limited entered into an MoU with […]
Ministry of Steel Signs MoUs for 85 Specialty Steel Projects Under PLI 1.2, Attracting INR 11,887 Crore Investment
The Ministry of Steel has signed Memoranda of Understanding (MoUs) with 55 companies for 85 specialty steel projects under the third round of the Production-Linked Incentive (PLI) Scheme 1.2, marking a major step towards strengthening India’s domestic specialty steel ecosystem. Feb 10, 2026 The Ministry of Steel signed Memorandum of Understanding (MoUs) for 85 projects […]
Avtar Steel Receives MoU Under PLI Scheme 1.2 for Specialty Steel
Avtar Steel Ltd. has marked a significant milestone by receiving a Memorandum of Understanding (MoU) under the Government of India’s Production Linked Incentive (PLI) Scheme 1.2 for Specialty Steel, reaffirming its commitment to strengthening domestic steel manufacturing. Feb 10, 2026 Avtar Steel Ltd. formally received the MoU under the PLI Scheme 1.2 from Shri H. […]
Sambhv Steel Tubes, Subsidiary Sign MoUs with Ministry of Steel Under PLI 1.2 Scheme
Under India’s PLI Scheme 1.2 for specialty steel, Sambhv Steel Tubes and its subsidiary have committed about INR 362 crore to expand stainless and alloy steel production capacity. Feb 09, 2026 Sambhv Steel Tubes Limited and its wholly owned unit Sambhv Tubes Private Limited have signed separate Memoranda of Understanding (MoUs) with the Ministry of […]
ISSDA Calls for Protective Measures for Indian Stainless Steel producers Amid FTA With EU
The Indian Stainless Steel Development Association (ISSDA) finds that the India–European Union free trade agreement is a significant step in India’s global trade development, but at the same time wants to protect the interests of the domestic stainless steel producers. Jan 29, 2026 The Indian Stainless Steel Development Association (ISSDA) finds that the India–European Union […]
India Imposes 3-year Tariff on Some Steel Products
The tariffs are between 11-12% on some steel products being imported from China, Vietnam, and Nepal for 3 years. Jan 01, 2026 India has imposed three-year import tariffs between 11-12% on some steel products being imported from China, Vietnam, and Nepal, according to the official government gazette notification issued on December 31, 2025. The tariff […]
Sambhv Steel Tubes Gears for 1.2-Million Tonne Capacity Expansion in Chhattisgarh; Expect to Double Revenue by FY28
Sambhv Steel Tubes Limited is gearing up for the 1.2 million tonne capacity expansion in Kesda, Chhattisgarh for finished-product. Phase 1 involves production of 180,000 tonnes of pipes and tubes, along with 180,000 tonnes of stainless steel, with commissioning scheduled for FY 2026-27. With this new expansion, the company expects to double its revenue by FY28. […]
